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The Petro coin is finally on sale after months of controversy from the government-backed cryptocurrency. However, investors are currently watching the reaction of the markets after this landmark announcement. After months of speculations, Venezuela’s government has given its stand regarding the much-publicized Petro cryptocurrency project. The government announced that the...

Venezuela’s controversial national cryptocurrency, the petro, is slowly permeating the everyday lives of its citizens. The currency, each unit of which is supposedly backed by a barrel of oil, has begun appearing on screens when Venezuelan customers log in to their bank accounts. The move marks the latest attempt by President Nicolás Maduro’s government to force adoption of the...

Twitter Facebook LinkedIn According to TeleSUR TV, a mainstream media outlet in Venezuela, the country’s “cryptocurrency” called the Petro can only be traded to other crypto assets if bought before the end of 2018. Former Wall Street bond trader and digital asset analyst Jill Carlson translated the speech of Venezuelan President Nicolas Maduro, which read: “Anyone who buys the...

Venezuela’s controversial state-owned cryptocurrency the Petro is now available for purchase for fiat and crypto, Venezuelan Economy Department announced on Twitter Monday, Oct. 29. According to an infographic included in the tweet, Petro can now be purchased directly from the country’s treasury via the coin’s official website or from six crypto exchanges authorized by the...

Twitter Facebook LinkedIn The Venezuelan government is reportedly going to present its oil-backed cryptocurrency, the Petro, to the Organization of Petroleum Exporting Countries (OPEC) as a unit of account for oil. According to local news outlet Telesur, the country’s petroleum minister and the president of state-run oil and natural gas company PDVSA, Manuel Quevedo, stated...

Venezuela crisis: Where families buy rotten meat to eat - BBC News

published:16 Oct 2018

Venezuela crisis: Where families buy rotten meat to eat - BBC News

Venezuela crisis: Where families buy rotten meat to eat - BBC News

published:16 Oct 2018

views:1908652

Millions of Venezuelans have left the country in the last two years, fleeing the oil-rich nation’s economic collapse.
Shortages of food and basic goods, years of recession, soaring inflation and regular power shortages have left the country almost on its knees.
The government says those against the socialist President Nicolas Maduro are waging an \"economic war\" – but many within and outside the country blame his policies, combined with corruption and mismanagement.
One of the most affected areas is the state of Zulia, long known as the centre of the country\'s oil industry.
The BBC’s Vladimir Hernandez is one of the few international journalists who has been able to report from the state.
Produced by Herminia Fernandez, filmed by Omar Garcia.
Edited by Kelvin Brown.
Please subscribe HERE http://bit.ly/1rbfUog...

Venezuela crisis: Where families buy rotten meat to eat - BBC News

published:16 Oct 2018

views:1908652

Millions of Venezuelans have left the country in the last two years, fleeing the oil-rich nation’s economic collapse.
Shortages of food and basic goods, years of recession, soaring inflation and regular power shortages have left the country almost on its knees.
The government says those against the socialist President Nicolas Maduro are waging an \"economic war\" – but many within and outside the country blame his policies, combined with corruption and mismanagement.
One of the most affected areas is the state of Zulia, long known as the centre of the country\'s oil industry.
The BBC’s Vladimir Hernandez is one of the few international journalists who has been able to report from the state.
Produced by Herminia Fernandez, filmed by Omar Garcia.
Edited by Kelvin Brown.
Please subscribe HERE http://bit.ly/1rbfUog...

Venezuela: Last Week Tonight with John Oliver (HBO)

published:14 May 2018

Venezuela: Last Week Tonight with John Oliver (HBO)

Venezuela: Last Week Tonight with John Oliver (HBO)

published:14 May 2018

views:5576845

John Oliver discusses the devastating economic crisis in Venezuela and enlists the help of a large bird who bears a striking resemblance to Wilmer Valderrama.
Connect with Last Week Tonight online...
Subscribe to the Last Week Tonight YouTube channel for more almost news as it almost happens: www.youtube.com/user/LastWeekTonight
Find Last Week Tonight on Facebook like your mom would: http://Facebook.com/LastWeekTonight
Follow us on Twitter for news about jokes and jokes about news: http://Twitter.com/LastWeekTonight
Visit our official site for all that other stuff at once: http://www.hbo.com/lastweektonight...

Venezuela: Last Week Tonight with John Oliver (HBO)

published:14 May 2018

views:5576845

John Oliver discusses the devastating economic crisis in Venezuela and enlists the help of a large bird who bears a striking resemblance to Wilmer Valderrama.
Connect with Last Week Tonight online...
Subscribe to the Last Week Tonight YouTube channel for more almost news as it almost happens: www.youtube.com/user/LastWeekTonight
Find Last Week Tonight on Facebook like your mom would: http://Facebook.com/LastWeekTonight
Follow us on Twitter for news about jokes and jokes about news: http://Twitter.com/LastWeekTonight
Visit our official site for all that other stuff at once: http://www.hbo.com/lastweektonight...

🇻🇪 Can Venezuela recover from its financial crisis? | Inside Story

published:21 Aug 2018

🇻🇪 Can Venezuela recover from its financial crisis? | Inside Story

🇻🇪 Can Venezuela recover from its financial crisis? | Inside Story

published:21 Aug 2018

views:111941

Inflation has skyrocketed, prices are at an all-time high and the national currency, the Bolivar, has lost much of its value,
The financial devastation has led to mass migration, starvation and political unrest.
President Nicolas Maduro blames it on what he calls an “economic war” against his country
His critics say widespread corruption and the government\'s mismanagement are responsible.
In an attempt to solve the problem, the government has introduced a plan to curb hyperinflation.
There\'s a new currency, the \'SOVEREIGN BOLIVAR\', which will remove five zeroes from banknotes.
It\'s backed by a cryptocurrency, the Petro, that\'s pegged to the price of oil.
The government is also raising the minimum wage by 3000 percent, raising taxes and increasing petrol prices for some drivers
How are Venezuelans reacting to the new measures?
Presenter: Mohammed Jamjoom
Guests
Paul Dobson, journalist
Sonia Schott, Latin America analyst
Charles Shapiro, Former US Ambassador to Venezuela
- Subscribe to our channel: http://aje.io/AJSubscribe
- Follow us on Twitter: https://twitter.com/AJEnglish
- Find us on Facebook: https://www.facebook.com/aljazeera
- Check our website: https://www.aljazeera.com/
#Economic crisis #aljazeeraenglish...

🇻🇪 Can Venezuela recover from its financial crisis? | Inside Story

published:21 Aug 2018

views:111941

Inflation has skyrocketed, prices are at an all-time high and the national currency, the Bolivar, has lost much of its value,
The financial devastation has led to mass migration, starvation and political unrest.
President Nicolas Maduro blames it on what he calls an “economic war” against his country
His critics say widespread corruption and the government\'s mismanagement are responsible.
In an attempt to solve the problem, the government has introduced a plan to curb hyperinflation.
There\'s a new currency, the \'SOVEREIGN BOLIVAR\', which will remove five zeroes from banknotes.
It\'s backed by a cryptocurrency, the Petro, that\'s pegged to the price of oil.
The government is also raising the minimum wage by 3000 percent, raising taxes and increasing petrol prices for some drivers
How are Venezuelans reacting to the new measures?
Presenter: Mohammed Jamjoom
Guests
Paul Dobson, journalist
Sonia Schott, Latin America analyst
Charles Shapiro, Former US Ambassador to Venezuela
- Subscribe to our channel: http://aje.io/AJSubscribe
- Follow us on Twitter: https://twitter.com/AJEnglish
- Find us on Facebook: https://www.facebook.com/aljazeera
- Check our website: https://www.aljazeera.com/
#Economic crisis #aljazeeraenglish...

The collapse of Venezuela, explained

published:25 Aug 2017

The collapse of Venezuela, explained

The collapse of Venezuela, explained

published:25 Aug 2017

views:3437898

The country is in chaos, but its leaders aren\'t going anywhere.
Correction at 1:58: It’s been brought to our notice that the Supreme Court tried to strip the country’s National Assembly of its powers in March 2017 and not 2016. We regret the error.
For more on the Supreme Court ruling: https://www.vox.com/world/2017/5/1/15408828/venezuela-protests-maduro-parliament-supreme-court-crisis
Sources:
0:56 https://tradingeconomics.com/venezuela/inflation-cpi , https://tradingeconomics.com/venezuela/consumer-price-index-cpi , http://www.imf.org/external/datamapper/PPPPC@WEO/OEMDC/ADVEC/WEOWORLD/VEN?year=2017 , https://en.wikipedia.org/wiki/Crime_in_Venezuela#/media/File:1998_to_2013_Venezuela_Murder_Rate.png
https://www.reuters.com/article/us-venezuela-economy-forex-idUSKBN1AP2LM
1:25 https://www.scribd.com/document/354981596/Datanalisis-Informe-Omnibus-Julio-2017-ODH-Consultores#from_embed (Page 22)
http://www.datanalisis.com/
1:54 https://www.wsj.com/articles/maduro-s-allies-stack-venezuelas-supreme-court-1450912005
3:27 https://www.eia.gov/todayinenergy/detail.php?id=24432
3:44 https://commons.wikimedia.org/wiki/File:Venezuela_Poverty_Rate_1997_to_2013.png
4:00 https://www.economist.com/news/finance-and-economics/21720289-over-past-year-74-venezuelans-lost-average-87kg-weight-how
4:40 https://www.cato.org/research/troubled-currencies?tab=venezuela
Subscribe to our channel! http://goo.gl/0bsAjO
The collapse of Venezuela and President Maduro\'s rise to dictatorship.
Venezuela was once the richest country in Latin America.
It has the largest known oil reserves...

The collapse of Venezuela, explained

published:25 Aug 2017

views:3437898

The country is in chaos, but its leaders aren\'t going anywhere.
Correction at 1:58: It’s been brought to our notice that the Supreme Court tried to strip the country’s National Assembly of its powers in March 2017 and not 2016. We regret the error.
For more on the Supreme Court ruling: https://www.vox.com/world/2017/5/1/15408828/venezuela-protests-maduro-parliament-supreme-court-crisis
Sources:
0:56 https://tradingeconomics.com/venezuela/inflation-cpi , https://tradingeconomics.com/venezuela/consumer-price-index-cpi , http://www.imf.org/external/datamapper/PPPPC@WEO/OEMDC/ADVEC/WEOWORLD/VEN?year=2017 , https://en.wikipedia.org/wiki/Crime_in_Venezuela#/media/File:1998_to_2013_Venezuela_Murder_Rate.png
https://www.reuters.com/article/us-venezuela-economy-forex-idUSKBN1AP2LM
1:25 https://www.scribd.com/document/354981596/Datanalisis-Informe-Omnibus-Julio-2017-ODH-Consultores#from_embed (Page 22)
http://www.datanalisis.com/
1:54 https://www.wsj.com/articles/maduro-s-allies-stack-venezuelas-supreme-court-1450912005
3:27 https://www.eia.gov/todayinenergy/detail.php?id=24432
3:44 https://commons.wikimedia.org/wiki/File:Venezuela_Poverty_Rate_1997_to_2013.png
4:00 https://www.economist.com/news/finance-and-economics/21720289-over-past-year-74-venezuelans-lost-average-87kg-weight-how
4:40 https://www.cato.org/research/troubled-currencies?tab=venezuela
Subscribe to our channel! http://goo.gl/0bsAjO
The collapse of Venezuela and President Maduro\'s rise to dictatorship.
Venezuela was once the richest country in Latin America.
It has the largest known oil reserves...

Millions of Venezuelans have left the country in the last two years, fleeing the oil-rich nation’s economic collapse.
Shortages of food and basic goods, years of recession, soaring inflation and regular power shortages have left the country almost on its knees.
The government says those against th

John Oliver discusses the devastating economic crisis in Venezuela and enlists the help of a large bird who bears a striking resemblance to Wilmer Valderrama.
Connect with Last Week Tonight online...
Subscribe to the Last Week Tonight YouTube channel for more almost news as it almost happens: www.

Inflation has skyrocketed, prices are at an all-time high and the national currency, the Bolivar, has lost much of its value,
The financial devastation has led to mass migration, starvation and political unrest.
President Nicolas Maduro blames it on what he calls an “economic war” against his coun

The country is in chaos, but its leaders aren\'t going anywhere.
Correction at 1:58: It’s been brought to our notice that the Supreme Court tried to strip the country’s National Assembly of its powers in March 2017 and not 2016. We regret the error.
For more on the Supreme Court ruling: https://w